Easily the coolest Army uniform accessory. Especially in the club with a flightsuit.
Yes, but it pisses off the grunts. When I was in Hawaii, we had one of our Warrant Officers in the O club, wearing his Stetson. Some weenie infantry 2LT got in his face about the "out of regulations" hat. It went to the CG, and he told us that we were only allowed to wear them in our squadron area. So we made it a point to run through that LT's company area, at least once per week, singing our "If You Ain't CAV, You Ain't @#$%" song.